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Sep 5, 2012
09/12
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switzerland, singapore, finland, sweden, the netherlands, germany and the united states. in a previous segment, john carney said to ignore the quote pinheads at the world economic forum. are you? >> i don't ignore them. i want to ask you a question. put the shoe on the other foot here. here's the list of what matters according to them for competitiveness. institutions, infrastructure, macroeconomy, health and primary education and higher education. my question to you is which candidate is talking about all five of these things? >> none. >> to what extent is the united states engaged in a debate of institutions, infrastructure -- >> i shouldn't say none. we are around the margins. >> around the edges. >> the three is big focus obviously. obama touched on education and as mitt romney -- >> if this stuff matters, we ain't talking about it. okay? we are talking about the deficit which matters. that's part of -- i've only showed you five of the 12 pillars they call them. guys, do we have those full screens back there? those charts i wanted to put up. put up the first one here.
switzerland, singapore, finland, sweden, the netherlands, germany and the united states. in a previous segment, john carney said to ignore the quote pinheads at the world economic forum. are you? >> i don't ignore them. i want to ask you a question. put the shoe on the other foot here. here's the list of what matters according to them for competitiveness. institutions, infrastructure, macroeconomy, health and primary education and higher education. my question to you is which candidate is...
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Sep 19, 2012
09/12
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bernanke literally put an all-in with regard to quantitativizing in the united states. you don't fight the bang of england, the bank of japan, people's bank of china, the ecb and the fed. this ends up being good for risk assets over the next 6 to 12 months. we've added stocks to european equity, looking at emerging markets again which has lagged. ironically specifically in asia, in a follow-up to the chinese context right now. but there is a lot of opportunity right now. >> what about china? michelle set up some of the diplomatic tiffs going on between china and japan. if you look at china's economy, a lot of people have written china off in terms of its investment potential near-term. doesn't sound like you were doing that. >> i think people are overembellishing the downside. valuation show we're at significant discounts but in a very nacent domestic value. we're missing point with regard to 7% 208% growth is still very dynamic in china. they have beter response to the global markets. i think the reality to china is we don't want continued expectation of 10% growth. we
bernanke literally put an all-in with regard to quantitativizing in the united states. you don't fight the bang of england, the bank of japan, people's bank of china, the ecb and the fed. this ends up being good for risk assets over the next 6 to 12 months. we've added stocks to european equity, looking at emerging markets again which has lagged. ironically specifically in asia, in a follow-up to the chinese context right now. but there is a lot of opportunity right now. >> what about...
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Sep 20, 2012
09/12
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then there is the united states. here we have the fiscal cliff. the fiscal cliff is something we have moderate control over because it's a question of political will. it can be resolved. anything that can be resolved will be dealt with in some fashion. and i think that's why the stock market has been climbing despite the obvious chasm ahead of us. sure, there are other reasons that could cause the selloff stocks. stocks have had a big run. valuations getting stretched if we have little growth ahead of us. twice in the last month federal express, man, they disappointed. twice, twice. it's been a real tale of woe. [ crying ] and what has happened? frankly, nothing. stock's pretty much unchanged. tonight we got a big disappointment from norfolk southern, the railroad. while the stock is being hit after hours, you know what? i bet you buyers come in and snap it up tomorrow at what will be considered real bargain prices a few weeks from now. that's because in this tape, in this market, disappointing earnings don't necessarily produce dramatic and lasti
then there is the united states. here we have the fiscal cliff. the fiscal cliff is something we have moderate control over because it's a question of political will. it can be resolved. anything that can be resolved will be dealt with in some fashion. and i think that's why the stock market has been climbing despite the obvious chasm ahead of us. sure, there are other reasons that could cause the selloff stocks. stocks have had a big run. valuations getting stretched if we have little growth...
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Sep 10, 2012
09/12
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you've got 30 producing states, producing oil and gas in the united states. that's the greatest number we've ever had. the 30 producing states can decide this election. and some of those are pennsylvania, ohio, colorado, new mexico, west virginia. all of those are key swing states. and it would surprise me if any of those states, when they realize that governor romney has a plan, governor romney, i think, will carry his plan out. and that is to advance alternative energy for transportation, which is natural gas. now, when you -- you know, 70% of all the oil used every day in the world goes to transportation fuel. wind and solar, great sources of energy, but have nothing to do with imported oil. so, president obama talks about wind and solar all the time. but what you've got to do is develop resources in this country. we have those resources. and you can get off opec oil. now, that is sensitive oil that comes into the united states. 4.5 million barrels a day. remember the straits of hormuz, persian gulf, 7 million barrels a day move out of the persian gulf. we
you've got 30 producing states, producing oil and gas in the united states. that's the greatest number we've ever had. the 30 producing states can decide this election. and some of those are pennsylvania, ohio, colorado, new mexico, west virginia. all of those are key swing states. and it would surprise me if any of those states, when they realize that governor romney has a plan, governor romney, i think, will carry his plan out. and that is to advance alternative energy for transportation,...
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Sep 20, 2012
09/12
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should been united states retaliate in some way for this flag burning? >> well t short answer is, it's more important than just defending the flag, it's defending our interests and our national requirements in that region. we have got to get engaged. we have got to get reengaged because if we don't, we're going to see more and more of this. >> many thanks, general mark kimet stayed up late for us in germany. i'm larry kudlow, we will see you tomorrow night. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. the silverado's powertrain warranty is 40,000 miles more than ford. and this workhorse gives you the power of a v8 with the highway fuel
should been united states retaliate in some way for this flag burning? >> well t short answer is, it's more important than just defending the flag, it's defending our interests and our national requirements in that region. we have got to get engaged. we have got to get reengaged because if we don't, we're going to see more and more of this. >> many thanks, general mark kimet stayed up late for us in germany. i'm larry kudlow, we will see you tomorrow night. [ male announcer ] how do...
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Sep 20, 2012
09/12
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. >> the united states has not had a current the account surplus since 1991. if we were on the gold standard, we just might not have anymore gold left. >> didn't we pass that so long ago? >> the dollar is not a weak currency. the dollar probably needs to be weaker in order to be more competitive, but you can't say that about every currency in the world. certainly in japan the currency has gotten too strong and you now they have the additional problems because of all of the riots going on, the conflict in china over these islands. and that's going to hurt japan again. so japan needs more than just a currency fix. the united states i think you can argue the currency is overvalued in a more fundamental way, but japan has lots of problems. >> do you play currencies? good >> only through companies listed in the u.s. we're not hedging. >> not hedges because -- >> because if we knew where currencies have gone, you'd be the smartest person around. the euro goes to 1.30 -- so it's hard. you have to get fundamentals right and then currency will take care of it. >> what'
. >> the united states has not had a current the account surplus since 1991. if we were on the gold standard, we just might not have anymore gold left. >> didn't we pass that so long ago? >> the dollar is not a weak currency. the dollar probably needs to be weaker in order to be more competitive, but you can't say that about every currency in the world. certainly in japan the currency has gotten too strong and you now they have the additional problems because of all of the...
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Sep 7, 2012
09/12
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unlike europe and the united states, they can do stimulus on the fiscal side and the monetary side. that means they could miss out on the inflationary move. all year it's been about the u.s. you might see money coming out into other riskier areas of the globe. >> do we have to look at china or talking about the fed and ecb next week. >> absolutely we have to keep looking at china, i think a lot of their most as ifty issues, one of these days the lights will go on. i don't think it will be a good thing. i'm looking at three things. i think the conservative newspapers are going bonkers today, i urge everybody to go online and read it. secondly i think when it comes to labor force participation rate @ will push it down for all of the wrong republicans. i think we're going to potentially test 2000 in gold. >> all right, very good, thank you all. >> a lot of people talking about that 23 2,000 level for a long time. what about stocks. will they make any big moves, what do you think, bob? >> today's response was not very encouraging. we had a move today related to china. that was a surpris
unlike europe and the united states, they can do stimulus on the fiscal side and the monetary side. that means they could miss out on the inflationary move. all year it's been about the u.s. you might see money coming out into other riskier areas of the globe. >> do we have to look at china or talking about the fed and ecb next week. >> absolutely we have to keep looking at china, i think a lot of their most as ifty issues, one of these days the lights will go on. i don't think it...
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Sep 28, 2012
09/12
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here in the united states, north america things are okay. nike branded sales were up 23% by revenue in north america. at the same time, under armor, luol lieu lemon, they compete very heavily here in the u.s. how concerned should we be about the 23% number and preserving that in future quarters? >> i think that's, you know, a little artificially high because they do have the first year of the nfl license. that is a new business for them so that is propping up the number a little bit on a year over year basis but overall even when you exclude that they have very strong double digit numbers well into the teens and i think nike is competing as well as under arm our or lulu in the women's category in the u.s. no question. >> yeah. in terms of china, michael, i wonder if you think there is hope there because future orders were down so significantly. what can nike do if anything or is it simply a macro story we have to sit back and wait for the china economy to do better? >> that is part of it. you can't let them off the hook on that. i think they
here in the united states, north america things are okay. nike branded sales were up 23% by revenue in north america. at the same time, under armor, luol lieu lemon, they compete very heavily here in the u.s. how concerned should we be about the 23% number and preserving that in future quarters? >> i think that's, you know, a little artificially high because they do have the first year of the nfl license. that is a new business for them so that is propping up the number a little bit on a...
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Sep 30, 2012
09/12
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i think it's a bigger story for europe than it is for the united states. >> in the united states we have a different set of worries. warnings from big american companies about their future earnings. we ended the third quarter and already heard from fedex, we heard from caterpillar, big global companies that are citing europe. caterpillar is citing china as well. what are you expecting out of the earnings period that we will begin to see in the next couple weeks? >> there is a slowdown going on in the global economy because you have this recession in europe then you have a slowdown in china, which is more significant than i think the chinese gdp numbers suggest. and that's rippling through to countries like korea and taiwan and japan. a so big global companies are being hurt by that but more domestically-focused companies in the united states ought to do better. >> want that fiscal cliff, david? it doesn't look like anything is going to happen until after the election. the tax cuts expiring, the spending programs expiring. a lot of people think this is going to lead to a recession in 20 1
i think it's a bigger story for europe than it is for the united states. >> in the united states we have a different set of worries. warnings from big american companies about their future earnings. we ended the third quarter and already heard from fedex, we heard from caterpillar, big global companies that are citing europe. caterpillar is citing china as well. what are you expecting out of the earnings period that we will begin to see in the next couple weeks? >> there is a...
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Sep 3, 2012
09/12
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as lesley stahl first reported in january of 2011, more and more states across the united states are relying on revenue from casino gambling to help solve their budget deficit. the main attraction at these gambling halls is the new slot machines. we americans spend more money on slots than on movies, baseball, and theme parks combined. but with slots, there is the potential for a dangerous side effect: gambling addiction. and more people are addicted to slots than any form of gambling. [slot machines beeping] >> this is what slot machines used to look like, where you pull the handle and hope for three of a kind. [slot machine beeping] this is what they look like today. the modern slots are like high-tech video games that play music and scenes from tv shows. you can play hundreds of lines at once, and instead of pulling a handle, you bet by pushing buttons, which means each bet can be completed in as little as 3 1/2 seconds. it looks like great fun, but it can be dangerously addictive. >> whether or not it's their intention, the gambling industry is designing machines that can addict
as lesley stahl first reported in january of 2011, more and more states across the united states are relying on revenue from casino gambling to help solve their budget deficit. the main attraction at these gambling halls is the new slot machines. we americans spend more money on slots than on movies, baseball, and theme parks combined. but with slots, there is the potential for a dangerous side effect: gambling addiction. and more people are addicted to slots than any form of gambling. [slot...
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Sep 26, 2012
09/12
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there are 30 states in the united states now that produce energy. when i went in the energy business a long, long time ago, there was only nine states. there are 30 states now. so millions of jobs are created by the oil and gas industry in the united states. >> right, right. let me get your take on natural gas. i'd love to know where you're seeing opportunity, how you're invested in the energy space. you've been a backer of natural gas. honda has the civic natural gas car. can the industry really transform to natural gas powered vehicles? >> well, there's no question the technology is well known. there are 13 million vehicles in the world today on natural gas. only 130,000 of them in the united states. we have more natural gas than any other country in the world. how could that be? it's because the leadership in washington has not, one, understood the resources available to us in america, but, two, they've shown no leadership to get on our own resources. use our fuel here. quit importing oil from opec. >> yep. well, we'll leave it there. boone, alwa
there are 30 states in the united states now that produce energy. when i went in the energy business a long, long time ago, there was only nine states. there are 30 states now. so millions of jobs are created by the oil and gas industry in the united states. >> right, right. let me get your take on natural gas. i'd love to know where you're seeing opportunity, how you're invested in the energy space. you've been a backer of natural gas. honda has the civic natural gas car. can the...
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Sep 29, 2012
09/12
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sadly the prison market here in the united states is enormous, about $74 billion. i think corrections corp is a pretty long runway for growth. that's considering right now only about 10% of the prison population is outsourced. the stock had a massive run. trading at 20 times last year's earnings, 10% growth rate which would ordinarily make it too pricey for me end of story. the thing is corrections corp has been rallying in anticipation of the company converting to a real estate investment trust which gets special tax treatment as long as it returns 90% of its profits to shareholders in dividends. if the irs gives them permission you could see them popping 20% on the news. if the government rejects their weak conversion, you could see a decline. i would not buy corrections corp up there. not. if you already own it scale out of it into the lead conversion which should come in about three months. remember nobody ever got hurt taking a profit. >>> next up, last friday bill in california stumped me. well, i didn't want to offer an opinion yet. he wanted my opinion on s
sadly the prison market here in the united states is enormous, about $74 billion. i think corrections corp is a pretty long runway for growth. that's considering right now only about 10% of the prison population is outsourced. the stock had a massive run. trading at 20 times last year's earnings, 10% growth rate which would ordinarily make it too pricey for me end of story. the thing is corrections corp has been rallying in anticipation of the company converting to a real estate investment...
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Sep 9, 2012
09/12
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the clock is ticking in the united states, however, on the fiscal cliff, which you are very concerned about. the xpiration of the bush tax cuts and automatic spending cuts that come if there's no budget agreement. how do you view this playing out? what are the implications for the market? >> i think this is very important. last week maybe the point when investor sentence focuses on this instead of europe. first of all, the size of the fiscal cliff at about 650 billion, 4% of gdp. it would be hitting at a time when the economy is weak and particularly the consumer is weak. i do think this represents a big danger to the economy. the challenge is it's not discounted into the price. we're all talking about it, i've met very few investors who believe it will happen. if we do start to move to an environment where it becomes more likely, it will create volatility and also hit equity prices as well towards the end of the year. >> how do you invest against that kind of back drop? where would you put money to work right now? >> i think there are a couple of things investors can do. one thought
the clock is ticking in the united states, however, on the fiscal cliff, which you are very concerned about. the xpiration of the bush tax cuts and automatic spending cuts that come if there's no budget agreement. how do you view this playing out? what are the implications for the market? >> i think this is very important. last week maybe the point when investor sentence focuses on this instead of europe. first of all, the size of the fiscal cliff at about 650 billion, 4% of gdp. it would...
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Sep 6, 2012
09/12
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it did an initial public offering in the united states. i have to give the deal a red card. i wish i could come out and tell you manchester united is a buy. that would make me feel terrific. we don't go for soccer in america. i coached for years and was team captain. this can get people upset about stocks. the gold medalist of the women's soccer team said i want to own stocks in it. manchester united is to soccer in england to what the yankees are to baseball here in america. this is the team that made david beckham famous. it is a powerful global brand. 659 million people around the world. almost as many on facebook though very few are in this country and the bulls say it is not a soccer team. it's a mini media empire making money from tickets and broadcasting. you know the games can't be recorded. people want to watch them live for merchandising and sponsorship deals. sounds compelling. man u. seems like a real cool stock which is all the more reason to put manchester united in the -- [ sell, sell, sell ] -- sell block. uh can't awe allo
it did an initial public offering in the united states. i have to give the deal a red card. i wish i could come out and tell you manchester united is a buy. that would make me feel terrific. we don't go for soccer in america. i coached for years and was team captain. this can get people upset about stocks. the gold medalist of the women's soccer team said i want to own stocks in it. manchester united is to soccer in england to what the yankees are to baseball here in america. this is the team...
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Sep 4, 2012
09/12
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china, europe, and the united states. look, we know that china used to be one of the world's great growth engines. it almost single handedly kept the global economy afloat during the global recession. but after playing the roe of the world's economic engine for so long, the chinese locomotive seems to be in danger of running off the rails. each piece of data is weaker than the last. so what's good about that? well, the slowdown in china seems somewhat self-inflicted. governments hit the brakes and in many ways still seems like it's happening. the hope is the chinese will start cutting rates, adding real octane to the down shift in their economy. how about europe? the european central bank meeting this week and we're expecting to hear some chatter in unison that's going to ereverse the declining economies over there and maybe unite to save the spanish banking system. you can monitor these efforts by watching the largest spanish bank which has been climbing ever since it bottomed at $4 and change. $7 stock finishing up 0.18
china, europe, and the united states. look, we know that china used to be one of the world's great growth engines. it almost single handedly kept the global economy afloat during the global recession. but after playing the roe of the world's economic engine for so long, the chinese locomotive seems to be in danger of running off the rails. each piece of data is weaker than the last. so what's good about that? well, the slowdown in china seems somewhat self-inflicted. governments hit the brakes...
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Sep 7, 2012
09/12
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we have a fiscal and monetary problem here in the united states. what will solve the problem right now? so far the fed doesn't seem to be able to create so many jobs right now. >> what bernanke said last week and i agree with him and the evidence points in this direction is the main reason we have an 9.1% unemployment is because of weak demand. if you're thinking about monetary or fiscal policy, on the fiscal side, it comes from tax cutting, spending increases, or both, and we have to worry about that. on the monetary side, what monetary authorities can do is reduce interest rates and try to reduce rates across a broad set of assets through qe policies. the fiscal and monetary side are trying to stimulate demand, and demand is missing to great stronger momentum. >> they're pushing on a string, rant they? >> the fed has the capability to act right now, and i think always, you know, again chairman ber knack key admitted that this policy tool is not a particularly strong tool. >> ben bernanke said that he creating two million jobs. they did analysis a
we have a fiscal and monetary problem here in the united states. what will solve the problem right now? so far the fed doesn't seem to be able to create so many jobs right now. >> what bernanke said last week and i agree with him and the evidence points in this direction is the main reason we have an 9.1% unemployment is because of weak demand. if you're thinking about monetary or fiscal policy, on the fiscal side, it comes from tax cutting, spending increases, or both, and we have to...
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Sep 6, 2012
09/12
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states, germany, france, united states, china, japan, they will all kick in and do what they have to do to kick the can down the road. i think that's what's happening. we're not solving the problem. we're dealing with it and kicking it down the road. the third area i think would make a big difference and not to get involved in politics about as difficult to talk about as abortion but i think a romney victory would put the market above the range where we are at presently and i am kind of thinking if i had to handicap it if a romney victory, let me just say that the significance of an event for the market is very much a function of where the market is when the event occurs. i say from the roughly 1400 area a romney victory would add 100 points to the s&p and an obama victory would probably be maybe a 50-point decline. i think it is very important. we're at a crucial point in economic history of the country and i think what happens in november is very important. >> tom lee of j.p. morgan was on one of the earlier programs this morning talk in the same measure on what a romney victory wo
states, germany, france, united states, china, japan, they will all kick in and do what they have to do to kick the can down the road. i think that's what's happening. we're not solving the problem. we're dealing with it and kicking it down the road. the third area i think would make a big difference and not to get involved in politics about as difficult to talk about as abortion but i think a romney victory would put the market above the range where we are at presently and i am kind of...
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Sep 17, 2012
09/12
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i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. wouldn't it be nice if there was an easier, less-expensive option than using a traditional lawyer? well, legalzoom came up with a better way. we took the best of the old and combined it with modern technology. together you get quality services on your terms, with total customer support. legalzoom documents have been accepted in all 50 states, and they're backed by a 100% satisfaction guarantee. so go to legalzoom.com today and see for yourself. it's law that just makes sense. >>> we're keeping an eye on apple, inching closer to that $700 a share mark. here's a stat to wrap up our great american disconnect theme today.
i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. wouldn't it be nice if there was an easier, less-expensive option than using a traditional lawyer? well, legalzoom came up with a better way. we took the best of...
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Sep 11, 2012
09/12
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>> i support the president of the united states. whoever that may be. >> bob, good to have you on the program. obviously investors had a great day today. aig trades up, 3345 is where it closed. we'll be watching the developments. thanks for your time today. >> thank you, maria. >> always good to see you. >> happy birthday. >> thank you so much, bob. >>> gridlock on the fiscal cliff. eric cantor pointing the blame at president obama's doorstep just an hour ago. >> frankly, the president's been unwilling to meet us to sit down and try an iron out the differences. >> now we get the other side. steny hoyer is we me, the second most powerful dem in congress. he'll join me after this break. you won't want to miss it. stay with us on that. later, with facebook's stock slumping to half the original ipo price s it time for mark zuckerberg to hands over the reigns to a more seasoned executive? then we'll take you live to an event he's speaking at. you're watching "closing bell" on cnbc, first in business worldwide. oh, hey alex. just picking
>> i support the president of the united states. whoever that may be. >> bob, good to have you on the program. obviously investors had a great day today. aig trades up, 3345 is where it closed. we'll be watching the developments. thanks for your time today. >> thank you, maria. >> always good to see you. >> happy birthday. >> thank you so much, bob. >>> gridlock on the fiscal cliff. eric cantor pointing the blame at president obama's doorstep just an...
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Sep 4, 2012
09/12
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we talked about over a year, we're seeing signs as they slow, capital is coming to the united states, especially in real estate. >>> the three bear cases for stocks, the same one, europe-china slowdown, also the bear case because we don't know how the movie is going to end. if you listen to the rabinni's of the world, we're all doomed. average company growth is slowing so the market may not command as high of a multiple and yield, fiscal cliff and we will pull a thelma and louise unless congress gets their act in gear. >> you just heard from brian the bull case and the bear case. let's see what our guests think. james camp, manager and bob. thank you very much for joining us. bob, i will start with you. you have to pick one, bear or bull for september. can't be raccoon or koala or wallaby. >> you will see a market impacted because of concerns out there. i mentioned, you still have europe, you still have china, you still have the fiscal cliff, the election, which will be very contentious. you take a look at what's actually going on, you actually have plan in europe and that will materi
we talked about over a year, we're seeing signs as they slow, capital is coming to the united states, especially in real estate. >>> the three bear cases for stocks, the same one, europe-china slowdown, also the bear case because we don't know how the movie is going to end. if you listen to the rabinni's of the world, we're all doomed. average company growth is slowing so the market may not command as high of a multiple and yield, fiscal cliff and we will pull a thelma and louise...
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Sep 26, 2012
09/12
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i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. >>> coming up on "closing bell" oil continues to tank. noted energy watcher boon pickens weighs in on the recent plunge in crude and what it means for investors. does it go lower from here? we'll get his take. plus, wait until you hear how much banks are charging for overdraft fees in the last year. is it financial irresponsibility by millions of americans? we have the debate coming up. former california treasurer phil angelites says why more needs to be done to fix the aftereffects of the recent financial crisis. all ahead on "closing bell." we look forward to seeing you then. brian? >> looking forward to it, bill. well, folks, only 89 i days before christmas which means, don't panic. there are 88 shopping days left until the holiday. investors have gone on a
i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. >>> coming up on "closing bell" oil continues to tank. noted energy watcher boon pickens weighs in on the recent plunge in crude and what it...
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Sep 10, 2012
09/12
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for 30 some years at manyperint different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. every time a local business opens its doors, or makes another sale, or hires another employee, it's not just good for business. it's good for the entire community. at bank of america, we know the impact that local businesses have on communities. that's why we've extended over $4 billion in new credit to local businesses across the country so far this year. because the more we help them, the more we can help make communities stronger. >>> welcome back. more breaking news. >> another executive is leaving zynga. chief market and operating officer jeff carp is leaving the company after one year. following a slew of departures including chief operating officer and chief creative officer. zynga saying they're continuing their transition to mobile way from reliance on
for 30 some years at manyperint different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. every time a local business opens its doors, or makes another sale, or hires another employee, it's not just good for business. it's good for the entire community. at bank of america,...
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Sep 4, 2012
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we've got manufacturing contracting here in the united states. yesterday, we learned it's contracting in the china for the first time since november and in europe, it continues to contract. and yet, you think that the market is well supported here, why? >> i think it's going to be a range bound market. i think right now, we're in the tougher end of the range. there are two things that are supporting the market. one, there is an economic value to entities and so the lbo or acquisition value is providing support. to the extent companies return cash to shareholders, that offers some support. >> do you see many acquisitions in the market at the moment? >> no, and that's one of the things that's been surprising and disappointing at the same time. it's interesting. there are areas of the market where you've seen capital flow to economic opportunity. for example, buying single family homes to rent them out. which is an arbitrage that was made available by the decline housing prices you haven't seen a comparable level of activity on the corporate side, w
we've got manufacturing contracting here in the united states. yesterday, we learned it's contracting in the china for the first time since november and in europe, it continues to contract. and yet, you think that the market is well supported here, why? >> i think it's going to be a range bound market. i think right now, we're in the tougher end of the range. there are two things that are supporting the market. one, there is an economic value to entities and so the lbo or acquisition...
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Sep 14, 2012
09/12
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i think for the united states, while we've got room for multiple expansion in the united states where we're at today, earnings are getting kind of topee. europe makes a better bet. >> the last time you came on several months ago when you were bearish the euro, have you also changed targets to several months ago? >> actually, i haven't, mandy. the euro is going to continue to appreciate. we've obviously gotten a really nice bounce here, up to around 131. we probably have a little more upside on a technical basis. but the whole key to the european recovery is around dr. draghi continuing to print money, and printing money is going to ultimately put downward pressure on the euro, and they need that to get the economy of the periphery to expand. >> if you're buying european stocks, what are you selling? >> brian, i think you know a couple of months ago, two or three months ago, i turned very bearish on treasury. we started selling ten year notes at 1.65. we were probably too early. but i am exceptionally negative about treasury securities, and i think that's probably the best short out th
i think for the united states, while we've got room for multiple expansion in the united states where we're at today, earnings are getting kind of topee. europe makes a better bet. >> the last time you came on several months ago when you were bearish the euro, have you also changed targets to several months ago? >> actually, i haven't, mandy. the euro is going to continue to appreciate. we've obviously gotten a really nice bounce here, up to around 131. we probably have a little...
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Sep 5, 2012
09/12
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>> i think that's true, always i think the structural deficits of the united states, as my good friend bowles and simpson talk about are difficult to deal with. it could cause a hiccup at any type. hopefully the next administration will deal with that. >> which is why romney and ryan put that issue front and center and that is tart of the conversation right now where as we were not talking about these issues before that. low do you think they will play out. a lot of euphoria around it. >> ity tt tt tty -- i think itt important lex of my lifetime. they are picking between a economic systemen gauged by the government, and more involved with the government, verses the republican side which is going to be less government and more free market. so, it's a choice. i think the candidate that can make the best argument as to why they're model or approach is going to create better economic growth will win the election, and we'll see. i think it will be very close. >> it has been very close in the polls, and it's not just about growth, but also about jobs. we have a jobs report coming out on frid
>> i think that's true, always i think the structural deficits of the united states, as my good friend bowles and simpson talk about are difficult to deal with. it could cause a hiccup at any type. hopefully the next administration will deal with that. >> which is why romney and ryan put that issue front and center and that is tart of the conversation right now where as we were not talking about these issues before that. low do you think they will play out. a lot of euphoria around...
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Sep 27, 2012
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. >> what about the balance that we're facing here in the united states? we've got similar issues, don't we? we have an e more nor we? we have an e more nomous debt l and the debate on what to cut. >> there's always a question of priorities and where you focus your attention. i think the president has made a major effort to reduce the budget deficit and also to invest in the future of the country, just like a corporation in many senses that has too much debt, that it has to put its debt in line with its ability to raise revenues. it also has to invest in its future. the president, i think, is investing in education, infrastructure, many things that will make the country stronger. that's really the goal. it's to have a sound budget policy but also invest in the country's future. i think that's what the president's trying to do. >> but bob, we haven't had a budget in three years. >> well, a lot of programs that he's proposed have not gotten through the congress. that's a big challenge. he's focused on education. he has a very significant proposal on infrastr
. >> what about the balance that we're facing here in the united states? we've got similar issues, don't we? we have an e more nor we? we have an e more nomous debt l and the debate on what to cut. >> there's always a question of priorities and where you focus your attention. i think the president has made a major effort to reduce the budget deficit and also to invest in the future of the country, just like a corporation in many senses that has too much debt, that it has to put its...
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Sep 4, 2012
09/12
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>> the united states. the united states was hemorrhaging 700,000 jobs a month or 700,000 jobs a month under george bush. right now, we're creating jobs. we've created 3 million or 4 million jobs in the worst recession with an obstructionist congress working against the president. >> so you think that unions then are better off today than they were three years ago? >> i think america is better off. >> are the unions better off? are the unions better off? >> unions and america are better off. we're not hemorrhaging jobs. we're creating jobs. we have a guy that enforces health and safety laws. he wants to reinstill the buy in america labor. he's pushing for insource, not outsourcing. we have a president right now who is saying, let's bring jobs back to america and increase manufacturing. >> it's interesting because i am hearing a lot of that and yet we're just not seeing it in the numbers. an unemployment rate at 8.3% and most economists you speak to will tell you we should be a lot farther off in this moment
>> the united states. the united states was hemorrhaging 700,000 jobs a month or 700,000 jobs a month under george bush. right now, we're creating jobs. we've created 3 million or 4 million jobs in the worst recession with an obstructionist congress working against the president. >> so you think that unions then are better off today than they were three years ago? >> i think america is better off. >> are the unions better off? are the unions better off? >> unions...
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Sep 7, 2012
09/12
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for president of the united states. democratic party. in charlotte, north carolina. can be described, perhaps, as a more subdued speech than the one that he gave at his initial convention four years ago. still touching on topics that are very popular. among his base. you had the tax issue, you had the issues of education. there were references to the automobile bailout. but still, john harwood who's with us, and larry kudlow still with us, and we have more guests coming in in a moment. there were parts that were surprising at times. opening up more land for natural gas drilling. we talk about tax reform. we talk about defense and strong on foreign policy. larry kudlow, did you feel this was a more centrist speech than you expected? >> no, not particularly. i mean, he said he was looking at the principles of bowles/simpson and simpson/bowles that those principles included pro growth tax reform across the board, getting rid of the deduction. he opposes that. he wants to raise taxes on the well to do. he demagogued on the
for president of the united states. democratic party. in charlotte, north carolina. can be described, perhaps, as a more subdued speech than the one that he gave at his initial convention four years ago. still touching on topics that are very popular. among his base. you had the tax issue, you had the issues of education. there were references to the automobile bailout. but still, john harwood who's with us, and larry kudlow still with us, and we have more guests coming in in a moment. there...
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Sep 18, 2012
09/12
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to the extent europe is not being helped is not helping the united states. folks if you're thoroughly confused it means you're paying attention. >> no european official has talked about wanting a stronger euro for years. they all want the weaker euro. >> why they keep talking about lower rates, you keep holding steady with rates. >> becky you are as usual a genius in that regard. the thinking that i've heard is that ultimately the ecb goes to parity with the fed at zero or zero to a quart per. >> what are they waiting for? >> that's a good question. what are they waiting for? the idea being if you have a single mandate you are less free to move your currency when you're doing that. the latest number was 2.6% inflation in the eurozone, so given that mandate constraint, they can't do it. the fed can look at 8%, 9%, 10% unemployment and say with a forecast of lower inflation down the road, i can move now to zero. >> it seems to me central banks make uhm the rules as they go aening lo, when they'll do all of the extraordinary things to say yes this is in our man
to the extent europe is not being helped is not helping the united states. folks if you're thoroughly confused it means you're paying attention. >> no european official has talked about wanting a stronger euro for years. they all want the weaker euro. >> why they keep talking about lower rates, you keep holding steady with rates. >> becky you are as usual a genius in that regard. the thinking that i've heard is that ultimately the ecb goes to parity with the fed at zero or...
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Sep 6, 2012
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states on food assistants? that's staggering. we have not produced a single net new job. there is a bridge that has to be gapped, and ceos want to see what plan and the path is. >> the fiscal cliff has a lot of ceos concerned, what about you? >> i think that's the number one concern. it's a 3% hit to incomes in gdp terms, and the economy only grows 2%. if that happens, and we won't know until after the election, it will wipe out job creation until next year. we're hoping and thinking it gets fixed, but we have to see the election and get into december. >> more things to worry about and think about in the meantime. >> pretty sobers. >> 37 minutes until the closing bell. the nasdaq is higher by 61. >> that is a four.5 year high for the s&p 500, is there more room to run? should you take profits? >>> new claims, president obama and john boehner had a massive blow up over the collapse of the debt deal last year. we're talking about a tirade from the president, can they possibly work together to fix our debt situati
states on food assistants? that's staggering. we have not produced a single net new job. there is a bridge that has to be gapped, and ceos want to see what plan and the path is. >> the fiscal cliff has a lot of ceos concerned, what about you? >> i think that's the number one concern. it's a 3% hit to incomes in gdp terms, and the economy only grows 2%. if that happens, and we won't know until after the election, it will wipe out job creation until next year. we're hoping and...
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Sep 21, 2012
09/12
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. >> well, there ford, ford that the united states and that is enfuego. that's focus. then the ford from overseas. europe, bad. latin-america bad. guess what? two against one. can't own it. bed bath and beyond, norfolk southern. two different companies, two industries. norfolk is calling off the rails. i don't want to be no norfolk. bed bath, looking good. stay with cramer. >>> kwuming up, bargain shopping? retailers have been on the rise. but after perusing the aisles, cramer spotted bun stock that could be available in a discount. as the holiday season heats up, can this make you a cool profit in stick around it find out. >>> and later, making dough. domino says increasing its share of the pie and giving investors a healthy slice of the profit. but can this pizza party continue? find out if it can flame the upper crust of the peas why population, when the ceo breaks news in cramer's exclusive. just ahead. >>> plus, tis the season. in just hours. millions of people around the world, will get their hands on the highly anticipated crown jewel of the apple empire. iphone
. >> well, there ford, ford that the united states and that is enfuego. that's focus. then the ford from overseas. europe, bad. latin-america bad. guess what? two against one. can't own it. bed bath and beyond, norfolk southern. two different companies, two industries. norfolk is calling off the rails. i don't want to be no norfolk. bed bath, looking good. stay with cramer. >>> kwuming up, bargain shopping? retailers have been on the rise. but after perusing the aisles, cramer...
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Sep 25, 2012
09/12
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i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. >>> it is street talk time, walking you through few stock stories you need to know b staples really falling today aft air numbers onning new cost-put cutting plans, quite often the market cheers cost-cutting plans, not the case today. >> not the case. down 4 1/2%. staples accelerated the closing of 15 stores here, 45 in europe. going to take a big charge, about $230 million. staples posted sales drops the past two quarters. here is the reality. people are simply using fewer traditional supply, right? folders, actual staplers, right? who took my stapler? well, if you're going to -- that was terrible. anyway, staples shares are down. you get the point. >> another job-related story today it is paychecks. >> yes. falling after the ubs and citi downgraded the compan
i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. >>> it is street talk time, walking you through few stock stories you need to know b staples really falling today aft air numbers onning new cost-put...
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Sep 28, 2012
09/12
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tyson, i understand you think it's okay if we use nat gas more here at home in the united states but you're not really so sure about the exporting equation. why not? >> well, i mean, like you're saying, the natural gas prices have been increasing lately. that's because of increased domestic demand, particularly in the electric power sector where for the first time in american history we're fuelling more power plants with natural gas than with coal. the concern about ramping up exports of natural gas to a significant degree, we've got almost 15 proposed export terminals across the country. is it's going to be another form of demand which is going to increase prices. in fact, earlier this year the energy information administration estimated that if we export that gas, prices are going to rise at least 30%. and so that's of concern not just the household customers but also to industrial customers that are seeking to expand manufacturing capacity here in the united states. >> so you're saying at least 30%. but david with the volume of exports that we're potentially talking here, how much
tyson, i understand you think it's okay if we use nat gas more here at home in the united states but you're not really so sure about the exporting equation. why not? >> well, i mean, like you're saying, the natural gas prices have been increasing lately. that's because of increased domestic demand, particularly in the electric power sector where for the first time in american history we're fuelling more power plants with natural gas than with coal. the concern about ramping up exports of...
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Sep 14, 2012
09/12
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in the united states it has a dual mandate. price stability and full employment. and it's done neither. and so i'm glad they're finally tying those actions together. >> marc, fair point. what would you do as a policy maker? >> well, first of all, if i were mr. bernanke, for sure i would resign after having messed up the u.s. as badly as mr. greenspan and mr. bernanke have done over the last 15 years. and mr. bernanke before he was fed chairman, he was one of the principal architects of ultra expansionary monetary policies, never paying any attention to credit growths that led to the housing bubble. and if i had messed up this badly, i would for sure resign. but secondly, if you you really want to have an expansionary mop taker po monetary policy that helps the man on the street, should you do what sheila bair proposed, namely send each household a check for $5 million interest rate free. i would go as far as to say send them each $10 million free as a gift and put it on the balance sheet of the treasury and the fed and that would boost consumption temporary. don't
in the united states it has a dual mandate. price stability and full employment. and it's done neither. and so i'm glad they're finally tying those actions together. >> marc, fair point. what would you do as a policy maker? >> well, first of all, if i were mr. bernanke, for sure i would resign after having messed up the u.s. as badly as mr. greenspan and mr. bernanke have done over the last 15 years. and mr. bernanke before he was fed chairman, he was one of the principal architects...
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Sep 28, 2012
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an extraordinary releases this afternoon from the united states government. the first thing we got was this order from president barack obama ordering the company to divest from a wind project in oregon using the so-called sifieuos program. this one is the fist time in 22 years that the u.s. government has done this it or president of the united states has done this. it goes beyond what we've ever seen before, including this language ordering the facility in oregon to effectively be rai razed, saying the company must remove all structures, items, or physical object, including the concrete foundations of the property. that's the first time anyone ever affiliated with this has ever seen anything like that. the treasury department later in the day issuing a statement saying why they might be so sensitive about this facility, saying, the wind farm sites are all within the vicinity of restricted air space at naval weapons system trading facility boardman in oregon. now, this is a sensitive military facility in oregon. we looked on their website to find out exactly
an extraordinary releases this afternoon from the united states government. the first thing we got was this order from president barack obama ordering the company to divest from a wind project in oregon using the so-called sifieuos program. this one is the fist time in 22 years that the u.s. government has done this it or president of the united states has done this. it goes beyond what we've ever seen before, including this language ordering the facility in oregon to effectively be rai razed,...
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Sep 28, 2012
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they're going to do as well as they did in the united states. china is just going to get larger and larger. i would recommend buying it. >> all right, gentlemen. i'm sorry, but we're out of time. i apologize for that. >> not that big of a deal to say you're sorry. >> we're sorry. we're sorry. >> did feel good. you're right. see you later. >> you crack me up. 30 minutes before the closing bell sounds for the day and for the quarter. we have a market that's worsening here. down about 60 points on the dow jones industrial average. >> coming up, the best on the street to help you get ready for the start of the fourth quarter, which begins monday. some think there are october storms ahead for the final three months of the year. >>> and are the huge tax hike on top earners in france today a preview of coming attractions of what will happen in america? that and more coming up on "closing bell." ♪ ♪ ♪ [ male announcer ] at&t. the nation's largest 4g network. now covering 3000 more 4g cities and towns than verizon. at&t. rethink possible. now cover
they're going to do as well as they did in the united states. china is just going to get larger and larger. i would recommend buying it. >> all right, gentlemen. i'm sorry, but we're out of time. i apologize for that. >> not that big of a deal to say you're sorry. >> we're sorry. we're sorry. >> did feel good. you're right. see you later. >> you crack me up. 30 minutes before the closing bell sounds for the day and for the quarter. we have a market that's worsening...
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Sep 27, 2012
09/12
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for 30 some years at manytendet different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. [ horn honks ] hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well, both are important. let's be clear. they are but this is important too. [ man ] the receivables. [ male announcer ] michelin knows it's better for xerox to help manage their finance processing. so they can focus on keeping the world moving. with xerox, you're ready for real business. there's natural gas under my town. it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy
for 30 some years at manytendet different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. [ horn honks ] hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that...
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Sep 11, 2012
09/12
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concerns about a wlum bettering united states economy and who know what is will happen in europe and you can understand why there's several hot spots of concern. one of the leading industrials was the head of nissan worried about china and to a certain extent, but not so much for economic reasons, but because of sovereignty claims between japan and the prc. >> it's a worrying situation. anything which is taking place between two countries which have everything to complement each other and to work together, everything that could become a threat into distorting the relationship is worrying obviously for a major economy. i still think that hopefully wisdom will try to resolve the issues, but you never know. >> and setting asided china, what about the u.s. economy. people there tonight have enough household savings. how could they possibly support a company like nissan. surprisingly, he says america not a problem. it's the other side of the atlantic. >> our worry is not the u.s. market. u.s. market is going fine. today our worry of most companies in europe, this is where most trouble are
concerns about a wlum bettering united states economy and who know what is will happen in europe and you can understand why there's several hot spots of concern. one of the leading industrials was the head of nissan worried about china and to a certain extent, but not so much for economic reasons, but because of sovereignty claims between japan and the prc. >> it's a worrying situation. anything which is taking place between two countries which have everything to complement each other and...
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Sep 12, 2012
09/12
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. >> the united states condemns in the strongest terms this outrageous and shocking attack. we're working with the government of libya to secure or diplomates. i've directed my administration to increase our security at diplomatic posts around the world. >> the attacks of libya and egypt underscore that the world remain aes dangerous place and that american leadership is still sorely needed. in the face of this violence, america cannot shrink from the responsibility to lead. leadership is necessary to ensure that events in the region don't spin out of control. >> all this happening as israeli prime minister benjamin netanyahu is using the strongest language to date about using force to stop iran from developing a nuclear weapon. this brings up the issue of making the u.s. less dependent on foreign oil. should we get off of middle eastern oil? chris, you first. all of this make you nervous about how much we depend on that region for our energy needs? what's the answer? >> well, you know, you look at saudi arabia providing 20% of the oil imports for this country. america needs
. >> the united states condemns in the strongest terms this outrageous and shocking attack. we're working with the government of libya to secure or diplomates. i've directed my administration to increase our security at diplomatic posts around the world. >> the attacks of libya and egypt underscore that the world remain aes dangerous place and that american leadership is still sorely needed. in the face of this violence, america cannot shrink from the responsibility to lead....
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Sep 5, 2012
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is the word of the united states respected anymore on the global basis? >>> a new survey shows u.s. global competitiveness has fallen again. what do you blame? vote on that at finance.yahoo.com and we'll talk about that coming up. at usaa, we believe honor is not exclusive to the military, and commitment is not limited to one's military oath. the same set of values that drive our nation's military are the ones we used to build usaa bank. with our award winning apps that allow you to transfer funds, pay bills or manage your finances anywhere, anytime. so that wherever your duty takes you, usaa bank goes with you. visit us online to learn what makes our bank so different. i bought the car because of its efficiency. i bought the car because i could eliminate gas from my budget. i don't spend money on gasoline. it's been 4,000 miles since my last trip to the gas station. it's pretty great. i get a bunch of kids waving at me... giving me the thumbs up. it's always a gratifying experience. it makes me feel good about my car. i absolutely love my chevy volt. ♪ >>> welcome back. we're tak
is the word of the united states respected anymore on the global basis? >>> a new survey shows u.s. global competitiveness has fallen again. what do you blame? vote on that at finance.yahoo.com and we'll talk about that coming up. at usaa, we believe honor is not exclusive to the military, and commitment is not limited to one's military oath. the same set of values that drive our nation's military are the ones we used to build usaa bank. with our award winning apps that allow you to...
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Sep 7, 2012
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states. it has a nationwide idea here. it has its own $5 instead of $1 niche. it doesn't sell cold weather gear. paloalto gives you cyber security. i think they will both tell us good things. tuesday morning, we hear from united natural foods. what a horse this has been. no ending to the theme of natural foods. just a limited number of players. this could refocus people on haines celestial and whole foods. neither is cheap but i think they go higher over time. mondays tend to be down days because people keep waiting for the chinese to act. we need tome the them to get busy cutting. i suspect we'll be down on monday. uh suggest you use deep in the money strategies to buy hain or whole foods. if they are down and today's losses whole foods came back the other day. unfi's numbers could get them moving. ideas. whole foods january 80 calls or february 65 calls for hain. not a lot of premium. you get stopped out t at a level higher than the stocks could go if they disappointed. how about wednesday?
states. it has a nationwide idea here. it has its own $5 instead of $1 niche. it doesn't sell cold weather gear. paloalto gives you cyber security. i think they will both tell us good things. tuesday morning, we hear from united natural foods. what a horse this has been. no ending to the theme of natural foods. just a limited number of players. this could refocus people on haines celestial and whole foods. neither is cheap but i think they go higher over time. mondays tend to be down days...
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Sep 5, 2012
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the united states over the same period. it went back up, back up, back down, and now here we are, if you can zoom in on the edge here. this is the big question for the fed, what's the right level of unemployment to come back down to. is the old number something we can attain, or is the level higher. we looked at it from different angles and it looks cyclical. '08 and '09, things like construction came mack. unemployment rose too fast for it to be long-term government issues. programs like extended unemployment insurance have maybe kept the rate high. let's look at what the response was. lacker and bullard say there is a huge percentage of people unemployed for a long period of time. where is the deflation. all of this extra slack, then we should have deflation in the economy, and the former president of the central bank. an expert in monetary policy, put up this chart. when you look at core inflation, there is no deflation. he argues thath race should maybe be higher. bill, a big debate in the federal reserve. what number s
the united states over the same period. it went back up, back up, back down, and now here we are, if you can zoom in on the edge here. this is the big question for the fed, what's the right level of unemployment to come back down to. is the old number something we can attain, or is the level higher. we looked at it from different angles and it looks cyclical. '08 and '09, things like construction came mack. unemployment rose too fast for it to be long-term government issues. programs like...
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Sep 6, 2012
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. >> the bankers, whether it's in the united states or over there, have been talking the talk which is one of the reasons why the u.s. market's up 10% this summer is the anticipation of quantitative easing down the road. >> the ecb needs it. >> the question is, will they walk the walk? >> will the ecb -- this is the plan. now over to you politicians. they're finished. >> we have seen it. verbal intervention brought spanish interest rates down and spain is backing off saying, whoa, we don't necessarily need any help. you know? already in that drama. can you put forward further austerity? >> not just since milton die dined alone. thanks very much. back to you. >> we'll continue the conversation here on the nyse floor. here with me is kenny pulcari. europe today is stabilize. a rally. listening to the conversation, you were making points to me during that. not only do they have to agree, spain and italy, to certain conditions, they actually have to ask for the aid and they have not done that yet. >> that's right. they have to ask for it and agree to the conditions and talking about this f
. >> the bankers, whether it's in the united states or over there, have been talking the talk which is one of the reasons why the u.s. market's up 10% this summer is the anticipation of quantitative easing down the road. >> the ecb needs it. >> the question is, will they walk the walk? >> will the ecb -- this is the plan. now over to you politicians. they're finished. >> we have seen it. verbal intervention brought spanish interest rates down and spain is backing...
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Sep 27, 2012
09/12
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this is very, very detrimental to the united states long term. >> it ultimately is going to do something, though -- [ bell ]. i kind of disagree. because i think if consumers know -- >> if they understand. can you understand your health plan? >> i can't understand my health plan today. i don't know what it covers and what it doesn't. >> it puts employees at the mercy of the insurance companies and they're really going to be defenseless. >> and you have 206 perfect information. why should everybody have perfect information when their employer can help everybody at once to get to that? >> i'll tell you one thing i'm not going to do, is go through a whole book on every potential plan that i might look at to see -- >> they might do it on your behalf. >> oh, sure. >> koording to a new irs inspector general report 70 federal agencies owe $14 million in taxes. so why does the government hate taxes, john? >> it's not just these federal agencies that owe taxes. we learned earlier in the year that over a billion dollars is owed by federal employees. there's a scofflaw problem in our very governmen
this is very, very detrimental to the united states long term. >> it ultimately is going to do something, though -- [ bell ]. i kind of disagree. because i think if consumers know -- >> if they understand. can you understand your health plan? >> i can't understand my health plan today. i don't know what it covers and what it doesn't. >> it puts employees at the mercy of the insurance companies and they're really going to be defenseless. >> and you have 206 perfect...
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Sep 12, 2012
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both by the libyan authorities an by the united states government. if there's a large crackdown in the country on potential trouble makers, then that could backfire and we could see this evolve into further violence. but if that doesn't happen, then i don't foresee an impact on oil. >> thank you very much for joining us today. >>> u.s. energy policy is a major issue in the presidential race. with both campaigns painting wildly different pictures of the situation. our senior correspondent scott cohn is here to try to separate the fact from fiction in our weekly fact checking report. what have you found? >> well, guess what? there's spin on both sides. let's start with the president last week in charlotte. >> in the last year alone, we cut oil imports by 1 million barrels a day. more than any administration in recent history. and today the united states of america is less dependent on foreign oil than at any time in the last two decades. >> well, it is true that the u.s. now imports only 45% of its petroleum, the lowest since the '90s, according to the
both by the libyan authorities an by the united states government. if there's a large crackdown in the country on potential trouble makers, then that could backfire and we could see this evolve into further violence. but if that doesn't happen, then i don't foresee an impact on oil. >> thank you very much for joining us today. >>> u.s. energy policy is a major issue in the presidential race. with both campaigns painting wildly different pictures of the situation. our senior...
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Sep 12, 2012
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it starts deliveries in the united states the following friday on the 21st. we'll have more on this coming up all day here. let's get to brian shactman with his market flash. >> thank you very much, bill. there is news out there outside of apple. i want to take a look at dole foods, the iconic brand now a smaller cap company just under $1 billion. right around 1:00, the nikkei reported. the headline and the subheader, they reported a japanese company was acquire two dole food units for $1.7 billion. the subhead says they hope to reach an agreement this month. the price spiked. the stock is up 10%. back to you. >> thank you so much, brian. if world investors are right, get ready for another intervention to boost the economy. >> mean time, we're going to talk about whether it's needed or not. peter says any fed action is not going to help and it's wrong. others say the economy needs it right now. let's talk about it and get your perspective on this. peter, you saw the employment numbers last friday. you don't think we need more fed intervention? >> we need more
it starts deliveries in the united states the following friday on the 21st. we'll have more on this coming up all day here. let's get to brian shactman with his market flash. >> thank you very much, bill. there is news out there outside of apple. i want to take a look at dole foods, the iconic brand now a smaller cap company just under $1 billion. right around 1:00, the nikkei reported. the headline and the subheader, they reported a japanese company was acquire two dole food units for...